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20121127
20121127
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CNBC
Nov 26, 2012 11:00pm EST
overruns, canceled orders, and the merchandise in the stores for hurricane sandy that didn't sell, that left retailers with much too much inventory in the northeast and it's dated inventory. third, ross stores is a big beneficiary from the collapse. yes, i do not use that word lightly, from jcpenney. it is now taking a huge share from the disorganized dysfunctional penney to the point where management called this out on the conference call as a source of strength. the other guys have been reluctant to do that. speaking of the conference call, company -- now that we're entering gift giving season, as a quarter of ross' merchandise is oriented around the home and recovery means they're selling a lot more furniture. ross stores is a shareholder friendly company. they do have a small dividend, okay? one that yields just 1%. the company's consistently increased that dividend. the stock has overrun it every year for the last 18 years. most recently, 27% boost back in january. beyond that, ross has brought back a huge amount of stocks since 2005. i was astonished to see they've retired 2
CNBC
Nov 27, 2012 6:00pm EST
izod brand is doing. >> sandy had to shut down a lot of stores for you. the hurricane storm 35-40% of your business is done. it is a big part of our business. it did impact us in the first part of november. we were were able to still raise the year we were able to do. we were looking for a big 4th quarter. revenues will be up 7%. we were looking for earnings per share growth. so, we are expecting 4th quarter, a holiday season to continue very strong. how important is the cost of acquisition and the core basic strength of the business? i mean to me, it has to be a big up year given the strength of what you can do already. >> we have talkeded about the strength of the brand overall worldwide. we think we can add to that. we think the acquisition can be clear in the first year. we talked about two to three years from now. so, that you know, that is the point next year is a transition year, bringing the business in. i think we have talked about 35 cents a share, but i think the real opportunity there is greater than that. >> i have been emphasizing companies that take the bull by the horn
Search Results 0 to 1 of about 2